USD Index
As noted in Thursday's report.....
the USD Index is likely to reverse down from the Weekly highs, but then make another move upwards during the following week.
therefore, Next Week's trend bias is upwards, whilst currencies have a bias to move lower:- both random lengths...
Which means, I'm not sure that the trend will make an effort to move towards the June highs over the next 5-days..
or remain choppy within the Weekly levels (above Weekly 50% level)
Euro Monthly and Weeklymost likely to move upwards on Monday, but I'll be looking for opportunities to short-trade the euro during the 12 hour ranges.
Random resistance June 50% level and Weekly 50% levels
AUD Monthly and WeeklyAUD looks more likely to move upwards, as the monthly cycles are different compared to the euro.
AUD is above the monthly 50% levels, whilst the Euro is below.
However, it won't surprise me to see the same downward pressure on the AUD, if the USD moves upwards.l
